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Politics : Welcome to Slider's Dugout
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To: Bert who wrote (11200)8/18/2008 12:55:16 PM
From: RonMerks  Read Replies (1) of 50648
 
Re long UNG-

I dont know where youre long from, and it doesn't matter- but the problem is that a lot of people were long at 60, 50, and 40 and now we're in the $30's. And this is the season inventory builds- the Air Conditioning season is over- and it will be 4 months until heating season arrives and there is one hell of a lot of drilling going on. I'm hoping UNG see's $35.



I'm setting my UNG short stops at 40 for my 2nd half, but still riding everything on USO short as I think Oil will touch $100.

XLF back down to 20 by the way. Fanie and Freddie go to zero- and the taxpayer bails out China, OPEC and Hedge funds that hold the bonds. A $300 billion dollar F'ing of the US taxpayer engineered by Hank 'Wall St.' Paulson.

Ron
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